Something is definitely happening in the background, this is the first time i've seen a stock do a cap raise and not fall to the fall price 26c
but rise 40%.
it looks like someone is letting it drop a bit and waits for the larger sell orders to appear at 40c and line wipes them for fun.
That $50,000 line wipe at 40c at 2:07 was the perfect example.
It was definitely heading for a drop, they could have easily waited for the stop losses to kick in.
My gut feeling is that it is an insto.
Cheers
m.oz
Ann: SciDec $4.16 Million Capital Raising, page-58
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Last
47.0¢ |
Change
0.005(1.08%) |
Mkt cap ! $89.20M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 46.0¢ | $187.5K | 402.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5778 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 24999 | 1 |
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| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| SDV (ASX) Chart |